The Principles of Political Economy: With Some Inquiries Respecting Their Application and a Sketch of the Rise and Progress of the Science |
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Page ix
... obvious , too , that all the complicated and difficult questions , with respect to the influence of taxes and loans over the wealth and wellbeing of the public , come within the scope of this science , and form , indeed , one of its ...
... obvious , too , that all the complicated and difficult questions , with respect to the influence of taxes and loans over the wealth and wellbeing of the public , come within the scope of this science , and form , indeed , one of its ...
Page 3
... capacity of satisfying our wants , or of contributing to our com- forts and enjoyments . But it is obvious , that the utility of commodities - that the capacity of bread , - for example , to appease hunger , and of DEFINITION . 3.
... capacity of satisfying our wants , or of contributing to our com- forts and enjoyments . But it is obvious , that the utility of commodities - that the capacity of bread , - for example , to appease hunger , and of DEFINITION . 3.
Page 7
... obvious . There is no other , indeed , which comes so directly home to the every - day occupations and busi- ness of mankind . The consumption of wealth is indispensable to existence ; but the eternal law of Providence has decreed ...
... obvious . There is no other , indeed , which comes so directly home to the every - day occupations and busi- ness of mankind . The consumption of wealth is indispensable to existence ; but the eternal law of Providence has decreed ...
Page 27
... obvious as it was universal , of attempting to increase the amount of national wealth by forbid- ding the exportation of gold and silver , and encourag- ing their importation . It appears from a passage of Cicero , that the ex ...
... obvious as it was universal , of attempting to increase the amount of national wealth by forbid- ding the exportation of gold and silver , and encourag- ing their importation . It appears from a passage of Cicero , that the ex ...
Page 31
... obvious phenomena ; and what did more to re- commend them , they were in perfect unison with the popular prejudices on the subject . The merchants and practical men , who founded the mercantile system , did not consider it necessary to ...
... obvious phenomena ; and what did more to re- commend them , they were in perfect unison with the popular prejudices on the subject . The merchants and practical men , who founded the mercantile system , did not consider it necessary to ...
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Common terms and phrases
accumulation advantage agriculture amount capital capitalists carried cause cent circulating capital circumstances classes commerce commodities compared consequence considerable corn Corn Laws cost cottons cultivation degree demand for labour depend diminished dities doubt duction durable effect employed employment endeavour engaged England equal established exchangeable value exertion expense exportation extent fall farm foreign former foundling hospitals greater Hence important improvement increase individuals industry influence injurious interest Ireland labour required land landlords latter less machinery manufactures means ment nature necessary notwithstanding obtain obvious occasion parties perhaps period Political Economy poor laws population portion principle proportion quantity of labour raised rate of profit rate of wages raw produce reduced regulations render rent respect rise society soil sort species subsistence supply supposed tenants thing tillage tion trade value of money vidual wealth Wealth of Nations wholly workmen
Popular passages
Page 151 - ... be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it.
Page xviii - A General Dictionary of Geography, Descriptive, Physical, Statistical, and Historical ; forming a complete Gazetteer of the World. By A. KEITH JOHNSTON, FRSE 8vo. 31s. 6d. M'Culloch's Dictionary, Geographical, Statistical, and Historical, of the various Countries, Places, and principal Natural Objects in the World.
Page xviii - M'Culloch. — A Dictionary, Practical, Theoretical, and Historical, of Commerce and Commercial Navigation. Illustrated with Maps and Plans.
Page ix - M'CULLOCH. -A TREATISE ON THE PRINCIPLES AND PRACTICAL INFLUENCE of TAXATION and the FUNDING SYSTEM.
Page 411 - By necessaries I understand not only the commodities which are indispensably necessary for the support of life, but whatever the custom of the country renders it indecent for creditable people, even of the lowest order, to be without.
Page 229 - It is in this manner that the demand for men, like that for any other commodity, necessarily regulates the production of men, quickens it when it goes on too slowly, and stops it when it advances too fast.
Page 583 - There is one sort of labour," says he, " which adds to the value of the subject upon which it is bestowed ; there is another which has no such effect. The former, as it produces a value, may be called productive ; the latter, unproductive labour.
Page 231 - The germs of existence contained in this earth, if they could freely develop themselves, would fill millions of worlds in the course of a few thousand years. Necessity, that imperious, all-pervading law of nature, restrains them within the prescribed bounds.
Page 198 - Every workman has a great quantity of his own work to dispose of beyond what he himself has occasion for ; and every other workman being exactly in the same situation, he is enabled to exchange a great quantity of his own goods for a great quantity, or, what 'comes to the same thing, for the price of a great quantity of theirs. He supplies them abundantly with what they have occasion for, and they accommodate him as amply with what he has occasion for, and a general plenty diffuses itself through...
Page 431 - The liberal reward of labour," says Dr Smith, " as it encourages the propagation, so it increases the industry of the common people. The wages of labour are the encouragement of industry, which, like every other human quality, improves in proportion to the encouragement it receives.